The European Investment Bank (BEI) signed a loan of 74 million euros with Yunt de Castilee and Leon for joint financing of agriculture, forestry and adaptation and mitigation of climate change in rural areas as part of the operational program of the European Agricultural Fund in rural rural growth (Feader). This is the first section of the total number of financing, approved by the European Investment Bank in the amount of 245 million euros.
This loan and joint financing of the junta de Castilla and Leon will support projects for Modernization of agricultural farms In the entire autonomous community, adaptation to climate change and natural resource management will also help access to financing projects for planting and restoring forest surfaces or transformation into agricultural surfaces.
Similarly, the loan will maintain investments in mitigation and adaptation to climate change in rural areas and the local development program.
As Bei emphasizes, the agreement emphasizes the commitment of the European Investment Bank (Bei Group) with climate and environmental stability actions, economic, social and territorial cohesion, and support for agriculture and bio-economics, three of the eight priorities of the group installed in their strategic roadmap during 2024-2027.
This joint agreement, within the framework of the European Agricultural Fund for the development of rural areas, adds to the co -financing agreement to support double green and digital transition and education and innovation, in the autonomous community signed by the board and Bei in June 2024 within the framework of the 2021/2027 of the European Fund for Regional Development (federal) and other European development funds.
